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12 C.F.R. § 610.102(b).pdf

CFR-2011-title12-vol6-part610.pdf
Preview of 12 C.F.R. § 610.102(b)
🔗 Source: govinfo.gov
📊 Size: 164 KB
📄 Pages: 7 pages
⬇️ Downloads: 45

Summary

12 CFR Part 610 implements the Secure and Fair Enforcement for Mortgage Licensing Act of 2008, requiring Farm Credit System institutions and their employees who act as mortgage loan originators to register with the Nationwide Mortgage Licensing System and Registry. The registration aims to aggregate and improve information flow, increase accountability, enhance consumer protections, and support anti-fraud measures. A mortgage loan originator is defined as an individual who takes residential mortgage loan applications and offers or negotiates terms for compensation or gain, excluding those who perform purely administrative tasks or real estate brokerage activities. Registered mortgage loan originators must obtain a unique identifier and maintain registration in accordance with the requirements.

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Description

12 CFR Part 610 implements the Secure and Fair Enforcement for Mortgage Licensing Act of 2008, requiring Farm Credit System institutions and their employees...

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  • File Format: PDF
  • File Size: 164 KB
  • Pages: 7
  • Language: EN
  • Total Downloads: 45
  • Last Updated: 4 months ago

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